Israel Economic Sentiment November 2016

Israel: BoI State of the Economy index improves in November

December 21, 2016

In November, the Bank of Israel (BoI) Composite State of the Economy index increased 0.34% from the previous month, which was above October’s 0.19% increase and the highest result in five months. The index in November was fueled by a healthy rise in exports and a higher number of job vacancies in the private sector.

On an annual basis, the State of the Economy index rose 3.7% in November, which matched the increase observed in the previous month. The annual average variation in the index came in at 3.5% in November, which also mirrored October’s print.

FocusEconomics Consensus Forecast panelists foresee the economy growing 3.3% in 2017, which is unchanged from last month’s estimate. For 2018, the panel projects that the economy will expand 3.4%.